Brighthouse Financial (BHF) Downgraded to Sell at BidaskClub

BidaskClub cut shares of Brighthouse Financial (NASDAQ:BHF) from a hold rating to a sell rating in a research note released on Tuesday.

Several other research firms also recently weighed in on BHF. ValuEngine downgraded Brighthouse Financial from a hold rating to a sell rating in a research note on Friday, August 3rd. Bank of America reiterated a neutral rating and set a $47.00 price target on shares of Brighthouse Financial in a research note on Wednesday, October 3rd. Morgan Stanley cut their price target on Brighthouse Financial from $60.00 to $58.00 and set an equal weight rating for the company in a research note on Wednesday, July 11th. Evercore ISI upgraded Brighthouse Financial from an in-line rating to an outperform rating and set a $68.00 price target for the company in a research note on Friday, June 29th. Finally, Credit Suisse Group upgraded Brighthouse Financial from an underperform rating to a neutral rating and set a $35.00 target price for the company in a research note on Wednesday, August 15th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. Brighthouse Financial currently has a consensus rating of Hold and an average price target of $56.43.

BHF stock opened at $38.46 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.27. The firm has a market cap of $4.92 billion, a PE ratio of 6.37, a PEG ratio of 0.53 and a beta of 1.98. Brighthouse Financial has a fifty-two week low of $38.30 and a fifty-two week high of $67.55.



Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings results on Monday, August 6th. The company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.69). The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.05 billion. Brighthouse Financial had a positive return on equity of 5.58% and a negative net margin of 7.88%. The company’s revenue for the quarter was down .7% on a year-over-year basis. On average, equities analysts forecast that Brighthouse Financial will post 8.19 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC raised its holdings in shares of Brighthouse Financial by 93.5% in the 2nd quarter. Acadian Asset Management LLC now owns 12,695 shares of the company’s stock valued at $509,000 after acquiring an additional 6,134 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Brighthouse Financial by 24.9% in the 2nd quarter. Raymond James & Associates now owns 93,254 shares of the company’s stock valued at $3,737,000 after acquiring an additional 18,604 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Brighthouse Financial by 232.8% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 78,763 shares of the company’s stock valued at $3,156,000 after acquiring an additional 55,097 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Brighthouse Financial by 4,383.7% in the 2nd quarter. Jane Street Group LLC now owns 262,206 shares of the company’s stock valued at $10,507,000 after acquiring an additional 256,358 shares in the last quarter. Finally, Busey Trust CO purchased a new stake in shares of Brighthouse Financial in the 3rd quarter valued at about $5,141,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

About Brighthouse Financial

Brighthouse Financial, Inc provides a range of annuity and life insurance products in the United States. The company operates through three segments: Annuities, Life, and Run-off. It offers variable, fixed, index-linked, and income annuities for contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security; and term, whole, universal, and variable life insurance products for policyholders' needs for financial security and protected wealth transfer.

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Analyst Recommendations for Brighthouse Financial (NASDAQ:BHF)

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